Trading Plan Short $BCH
$BCH just lost the 198 support, showing weakness after a weak bounce failed.
Entry: $197.80-$196.00
Stoploss: $200.70
Targets: $194.00 / $188.00 / $179.00
BCH couldn't hold 198.27 resistance on the 1h, rejecting hard off the EMA21 and EMA50. Sellers are clearly aggressive, taker sell volume is 0.77 and OI is bleeding 1.1% on this dump. Top traders are already net short, indicating smart money is leaning this way. We just broke the 196.87 support, so a flush is likely. Reclaim $200.70, and this short is off.
Trade $BCH here 👇
$BCH just lost the 198 support, showing weakness after a weak bounce failed.
Entry: $197.80-$196.00
Stoploss: $200.70
Targets: $194.00 / $188.00 / $179.00
BCH couldn't hold 198.27 resistance on the 1h, rejecting hard off the EMA21 and EMA50. Sellers are clearly aggressive, taker sell volume is 0.77 and OI is bleeding 1.1% on this dump. Top traders are already net short, indicating smart money is leaning this way. We just broke the 196.87 support, so a flush is likely. Reclaim $200.70, and this short is off.
Trade $BCH here 👇